5 Best Software Stocks To Buy According To Hedge Funds

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In this article, we will be taking a look at the 5 best software stocks to buy according to hedge funds. To read our detailed analysis of the tech sector, you can go directly to see 14 Best Software Stocks To Buy According To Hedge Funds.

5. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 91

Based in Santa Clara, California, ServiceNow, Inc. (NYSE:NOW) is a systems software company. It provides end-to-end intelligent workflow automation platform solutions for digital businesses.

ServiceNow, Inc. (NYSE:NOW) had 91 hedge funds long its stock in the fourth quarter, with a total stake value of $5.7 billion.

Citigroup’s Tyler Radke holds a Buy rating and an $896 price target on ServiceNow, Inc. (NYSE:NOW) as of January 26.

Aristotle Atlantic Partners, LLC mentioned ServiceNow, Inc. (NYSE:NOW) in its fourth-quarter 2023 investor letter:

“ServiceNow, Inc. (NYSE:NOW) contributed to portfolio performance during the fourth quarter, as investors focused on improving momentum across the NOW platform following strong third quarter results at the end of October. In addition, ServiceNow continues to announce new product enhancements to the platform to support artificial intelligence (AI) capabilities with early signs of customer adoption.”

Follow Servicenow Inc. (NYSE:NOW)

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